Wednesday, June 13, 2012

The Ryan Budget and Medicare Part D (Prescription Drug Coverage)

As we all know, the Affordable Care Act, (ACA or “Obama Care”) closes the Medicare “doughnut hole” where Medicare recipients have to pay all of their drug costs after they pass a specific point, $2,840 in 2011, until they hit their max out of pocket of $4,550. The Paul Ryan / Bobby Schilling budget, on the other hand, would open the doughnut hole back up, making seniors responsible for 100% of their drug costs after the trigger. While Ryan argues that forcing seniors to pay more for their drugs will help bring drug costs down (the logic beats me), the Congressional Budget Office disagrees. Interestingly enough where drugs are concerned, Congressman Schilling is proud of his stand forcing the government (taxpayers) to buy drugs at list price (this is his “Standing up for Seniors” award from an Astroturf group set up by the drug industry to funnel tax dollars to themselves). As has been mentioned before, the Ryan budget also turns Medicare into a voucher program where seniors would have to buy their own coverage on the private insurance market – and I’m sure that private insurance companies would be happy to sell health insurance to a 70 year old with a heart condition – righttttttt. But that’s Congressman Schilling for you. More info on the Ryan budget can be found at

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